Can you apply these to the balance sheet

(i) Issued 20,000 ordinary shares of 10 each at a premium of 2.5 per share (a specific issue to redeem preference shares)

(ii a) Redeemed all preference shares at a premium of 10%. These were originally issued at 25% premium

(ii b) Excess of nominal value of shares redeemed over total receipt from new issue 80,000.

(iii) Issued 3,000 5% debentures of 100 each at 80

(iv) Used share premium, if any, to issue fully paid bonus shares to members

(v) Made a net loss of 500,000 by end of year, which affected the bank account.

' Safari File Edit View History Bookmarks Window Help ME]: Wed15:47 Q 6 EE ,. I G) C E icourseneronom 6 m [T Assumed beginning balance: E E 60,000 ordinary shares of 10 each 6,00,000 Assets other than bank 1100000 40,000 6% preference share of 10 each 4,00,000 Bank 200000 General reserves 100000 Creditors 200000 Total 13,00,000 Total neg